The newer and better Tether?

[Btc4Proxies]

Havven's ICO sold out a couple of days ago raising $30 million. http://blocktribune.com/blockchain-startup-havven-raises-30m-usd-ico/

What do you guys think? Anyone participate in the sale?

[Danish Mohiuddin]

I did'nt !! Who cares about tether; why it is in existance in the first place.

[dinoloverpete]

Well it's certainly newer so you're at least 50% right.

What about it do you feel is better? The only issue with Tether is surrounding if there are actually reserves to back it up. If there are then there's really not much of an issue with it whatsoever.

[GBCrypto1]

Havven's ICO sold out a couple of days ago raising $30 million. http://blocktribune.com/blockchain-startup-havven-raises-30m-usd-ico/

What do you guys think? Anyone participate in the sale?

I just know that people have a misconception about Tether market cap and if it collapses, it will affect our community.

[Btc4Proxies]

Well it's certainly newer so you're at least 50% right.

What about it do you feel is better? The only issue with Tether is surrounding if there are actually reserves to back it up. If there are then there's really not much of an issue with it whatsoever.

Everything. Tether is tied to fiat whereas Havven is tied to crypto. The dual token system prevents price volatility. https://cointelegraph.com/press-releases/havven-launches-discounted-expression-of-interest-period-for-new-stablecoin-platform

[dinoloverpete]

Well it's certainly newer so you're at least 50% right.

What about it do you feel is better? The only issue with Tether is surrounding if there are actually reserves to back it up. If there are then there's really not much of an issue with it whatsoever.

Everything. Tether is tied to fiat whereas Havven is tied to crypto. The dual token system prevents price volatility. https://cointelegraph.com/press-releases/havven-launches-discounted-expression-of-interest-period-for-new-stablecoin-platform

Sorry I failed to understand it, that second article only confused me further. Can you explain to me how this dual token system works?

It seemed to me as if the price wouldn't be stable at all based on that article 

[chutchmcgillicutty]

Well it's certainly newer so you're at least 50% right.

What about it do you feel is better? The only issue with Tether is surrounding if there are actually reserves to back it up. If there are then there's really not much of an issue with it whatsoever.

Yes, Tether works okay enough functionally, but the legal questions and reserves questions are what really throw some shade on the tether coin. I imagine that it will continue on as some kind of application (seems kind of useless to me) until it fails spectacularly and everyone loses faith...

[Vansire]

Well it's certainly newer so you're at least 50% right.

What about it do you feel is better? The only issue with Tether is surrounding if there are actually reserves to back it up. If there are then there's really not much of an issue with it whatsoever.

Everything. Tether is tied to fiat whereas Havven is tied to crypto. The dual token system prevents price volatility. https://cointelegraph.com/press-releases/havven-launches-discounted-expression-of-interest-period-for-new-stablecoin-platform

Sorry I failed to understand it, that second article only confused me further. Can you explain to me how this dual token system works?

It seemed to me as if the price wouldn't be stable at all based on that article  

I agree. They have nUSD tokens backed by havven tokens. Then what are havven tokens backed by? Ethereum? Bitcoin? Nothing? Don't tell me they're backed by nUSD

[KeithBeeCham]

I'm not supprised about this case cause this year is the era of ICO project so good ICO project will end very quickly in just 1 or maybe 2 days after the ICO. LOL. CREDITS project is also the same, it ended in just 1 day. LOL. Hope all these ICO project will successful in the future, I think it must be cause the amount of money they get from their ICO is very great

[BogdanGFTP]

There is very strong idea to tokenize fiat. If it is not a scum, it's good investment proposition

[mu_enrico]

Havven's ICO sold out a couple of days ago raising $30 million. http://blocktribune.com/blockchain-startup-havven-raises-30m-usd-ico/

What do you guys think? Anyone participate in the sale?

Nope, that kind of ICO won't make me even click on their website

First, to "peg" something you must trust centralized party to really store USD inside their vault, and 99% of the time they will stole it (empty vault).
Second (related to point before), cryptocurrency was built so that we don't need to trust any 3rd party for transaction. Why on earth we still wanna peg crypto into fiat and trust 3rd party again..

[rudolfaxl]

I'm truly believe that any stablecoin project is a temporary only. The best scenario is that in a few years (5+) the crypto spreads as much so fiat money will go to the back stage and disappear at all with the following few years.

[singlecrytpo]

Havven's ICO sold out a couple of days ago raising $30 million. http://blocktribune.com/blockchain-startup-havven-raises-30m-usd-ico/

What do you guys think? Anyone participate in the sale?

Nope, that kind of ICO won't make me even click on their website

First, to "peg" something you must trust centralized party to really store USD inside their vault, and 99% of the time they will stole it (empty vault).
Second (related to point before), cryptocurrency was built so that we don't need to trust any 3rd party for transaction. Why on earth we still wanna peg crypto into fiat and trust 3rd party again..

This exactly and that's why I never believed in tether. Very counterintuitive. The Havven platform uses two tokens to achieve stability. The havven token provides the collateral for the platform. Nomin tokens, a stablecoin, are issued against the value of the collateral token. This dual token approach incentivises users to hold havven tokens because network transaction fees are paid to havven holders. As more people use nomins for everyday transactions, the value of havven tokens will increase due to the higher fees generated.

Havven is a totally decentralised stablecoin, which means that, like bitcoin, it is secure and resistant to censorship. However, in contrast to Bitcoin, Havven uses a decentralised asset to reduce price volatility. The asset backing for the stablecoin comes from transaction fees generated by the Havven network. This means the asset is distributed and cannot be lost, stolen or seized.

[skylar]

I dont participate in stable coin ICO, for me I dont find any advantage to participate on that sale. but maybe for some reason when market are deep I need tether or the next tether for saving our asset from that, even I dont really know if it has backed by real fiat money each coin or not. for me all cryptocurrency or currency trading has a risk.

[Acguy]

Tether is already in a lot of exchanges its going to be hard to get this paired with other coins on multiple exchanges.

[Shreek]

wow, havven has a dual token. I regret not following havven. sales are very good, I see havven will be more traded in the market with high value.

I also see havven will be able to compete with other altcoins in the market.

[e19293001]

I did'nt !! Who cares about tether; why it is in existance in the first place.

At this moment, according to https://coinmarketcap.com/ USDT is
in top 16 position. Better than the altcoins, that means people
cares about tether since it is high in volume. lmao

Any reason why it is there?

[worldooftanks]

They have a good idea of the project,may said, but not much on sale,and they like airdrop several pieces were or go or I listen.

[Tulen1990]

wow, havven has a dual token. I regret not following havven. sales are very good, I see havven will be more traded in the market with high value.

I also see havven will be able to compete with other altcoins in the market.

Havven is a great concept for everyday transactions. I see a huge need in our current market for something like this. With this much momentum and the team, I can see them doing big things.

Their telegram group even has 95,000 members in it: https://t.me/havven_official1

[wattcrypto]

exciting project imo. glad they created a system of value to prevent price volatility